August Jobs Report: “Recession Watch” As The Leading Indicators Across The Spectrum Turn Negative
22,000 jobs added. Private sector jobs increased by 27,000. Government jobs declined by -6,000.
US Job Growth Collapses To Just 22K, Unemployment Rate Rises To 4.3% Putting 50bps Rate Cut In Play
The US added only 22K jobs, a big drop from the upward revised 79K (from 73K previously), but more importantl,y June was revised from 27K to -13K, ushering in the first negative jobs print since 2020.
Why Did Lululemon Shares Crash In Premarket Trading?
Lululemon cuts earnings outlook as Trump's tariffs and elimination of duty-free shipping exemption set to cost company $240 million, sending shares down 19.78% in pre-market trading.
